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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aim Exploration Inc (CE) | USOTC:AEXE | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
|
|
Nevada
|
67-0682135
|
(state
or other jurisdiction of incorporation or
organization)
|
(I.R.S.
Employer I.D. No.)
|
|
|
170 S Green Valley Pkwy, Suite 300
Henderson, Nevada
|
89012
|
(Address
of principal executive offices)
|
(Zip
Code)
|
PART
I - FINANCIAL INFORMATION
|
|
|
||
|
|
|
|
|
Item 1.
|
|
Financial
Statements (unaudited)
|
|
3
|
|
|
Condensed
Consolidated Balance Sheets
|
|
F-1
|
|
|
Condensed
Consolidated Statements of Operations
|
|
F-2
|
|
|
Condensed
Consolidated Statements of Cash Flows
|
|
F-3
|
|
|
Notes
to Condensed Consolidated Financial Statements
|
|
F-4
|
Item 2.
|
|
Management
Discussion & Analysis of Financial Condition and Results of
Operations
|
|
4
|
Item 3.
|
|
Quantitative and
Qualitative Disclosures About Market Risk
|
|
5
|
Item 4.
|
|
Controls and
Procedures
|
|
6
|
|
|
|
|
|
PART
II - OTHER INFORMATION
|
|
|
||
|
|
|
|
|
Item 1.
|
|
Legal
Proceedings
|
|
7
|
Item 2.
|
|
Unregistered Sales
of Equity Securities and Use of Proceeds
|
|
7
|
Item 3.
|
|
Defaults Upon
Senior Securities
|
|
7
|
Item 4.
|
|
Mine
Safety Disclosures
|
|
7
|
Item 5.
|
|
Other
information
|
|
7
|
Item 6.
|
|
Exhibits
|
|
8
|
|
9 months
ended
May
31,
2018
|
9 months
ended
May
31,
2017
|
3 months
ended
May
31,
2018
|
3 months
ended
May
31,
2017
|
REVENUE
|
|
|
|
|
Total
Revenue
|
$
-
|
$
-
|
$
-
|
$
-
|
|
|
|
|
|
Gross
Profit
|
-
|
-
|
-
|
-
|
|
|
|
|
|
MINERAL
PROPERTY OPERATIONS
|
|
|
|
|
Acquisition
|
-
|
-
|
-
|
-
|
Exploration
|
3,636
|
-
|
-
|
-
|
Total
Mineral Property Operations
|
-
|
-
|
-
|
-
|
|
|
|
|
|
EXPENSES
|
|
|
|
|
Accretion
|
325,828
|
47,865
|
89,301
|
2,864
|
Consulting
fees
|
33,171
|
52,432
|
4,000
|
18,904
|
Filling
fees
|
1,436
|
11,941
|
-
|
4,401
|
Finder’s
fees
|
-
|
-
|
-
|
-
|
Office &
general
|
36,766
|
30,635
|
11,434
|
10,067
|
Professional
fees
|
54,201
|
62,366
|
11,812
|
28,722
|
Public
relations
|
-
|
67,315
|
-
|
22,685
|
Related party
– director’s fees
|
-
|
388,833
|
-
|
-
|
Related party
– management fees
|
157,500
|
135,000
|
52,500
|
45,000
|
|
|
|
|
|
Total
Expenses
|
608,902
|
796,387
|
169,047
|
132,643
|
|
|
|
|
|
Loss
from operations
|
(612,538
)
|
(796,387
)
|
(169,047
)
|
(132,643
)
|
|
|
|
|
|
Interest
expense
|
(50,000
)
|
(54,640
)
|
(18,855
)
|
(15,682
)
|
Finance
costs
|
(125,475
)
|
(34,593
)
|
(19,561
)
|
(34,593
)
|
Related party
– loss on settlement of debt
|
-
|
(660,000
)
|
-
|
-
|
Unrealized
foreign exchange loss
|
(2,443
)
|
(61,580
)
|
1,210
|
56
|
Gain
(loss) on derivative liability
|
56,970
|
76,270
|
4,060
|
66,487
|
|
|
|
|
|
Total
Other Income (Expense)
|
(120,948
)
|
(734,543
)
|
(33,146
)
|
16,268
|
|
|
|
|
|
Net
Loss
|
$
(733,486
)
|
$
(1,530,930
)
|
$
(202,193
)
|
$
(116,375
)
|
|
|
|
|
|
BASIC
AND DILUTED LOSS PER COMMON SHARE
|
$
(0.00
)
|
$
(0.00
)
|
$
0.00
|
$
0.00
|
WEIGHTED
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
|
970,139,597
|
607,257,931
|
1,207,714,647
|
686,728,348
|
WEIGHTED
AVERAGE NUMBER OF PREFERRED SHARES OUTSTANDING
|
100,000
|
100,000
|
100,000
|
100,000
|
|
9 months
ended
May
31,
2018
|
9 months
ended
May
31,
2017
|
|
|
|
OPERATING
ACTIVITIES
|
|
|
Net
Loss
|
$
(733,486
)
|
$
(1,530,930
)
|
Accretion
related to convertible note
|
325,828
|
47,865
|
Finance
costs and derivative expense
|
172,476
|
89,233
|
Change
in fair value of derivative liability
|
(56,970
)
|
(76,270
)
|
Related
party – loss on repayment of debt
|
-
|
660,000
|
Shares
issued for services
|
-
|
535,832
|
Adjustments to
reconcile Net Loss to net cash used in
operating
activities:
|
|
|
Prepaid deposits
and services
|
(16,160
)
|
20,964
|
Accounts
Payable
|
(181
)
|
58,671
|
NET
CASH USED IN OPERATING ACTIVITIES
|
(308,493
)
|
(194,635
)
|
|
|
|
FINANCING
ACTIVITIES
|
|
|
Convertible
debt
|
253,000
|
63,000
|
Loans
payable
|
(18,620
)
|
29,000
|
Loans from related
party
|
73,340
|
119,008
|
NET
CASH PROVIDED BY FINANCING ACTIVITIES
|
307,720
|
211,008
|
|
|
|
NET
(DECREASE) INCREASE IN CASH
|
(773
)
|
16,373
|
|
|
|
CASH,
BEGINNING OF PERIOD
|
802
|
417
|
|
|
|
CASH,
END OF PERIOD
|
$
29
|
$
16,790
|
|
Assets
|
Liabilities
|
Level
1
|
$
29
|
$
1,684,894
|
Level
2
|
$
832,156
|
$
652,059
|
Level
3
|
$
Nil
|
$
Nil
|
|
May 31,
2018
|
August 31,
2017
|
Prepaid
services
|
$
-
|
$
6,164
|
Prepaid
deposits
|
27,500
|
5,176
|
|
$
27,500
|
$
11,340
|
|
May
31,
2018
|
August
31,
2017
|
Accounts
payable
|
$
308,637
|
$
311,598
|
Accrued
liabilities
|
11,060
|
8,280
|
|
$
319,697
|
$
319,878
|
|
May
31,
2018
|
August
31,
2017
|
Note
balance
|
$
615,878
|
$
586,512
|
Debt
discounts
|
(52,415
)
|
(64,917
)
|
Accrued
interest
|
145,167
|
112,959
|
|
$
708,630
|
$
634,554
|
NUMBER
OF
WARRANTS
|
EXERCISE
PRICE
|
EXPIRY
DATES
|
9,258,535
|
$
0.0052
|
September 11,
2022
|
6,091,617
|
$
0.0047
|
September 22,
2022
|
5,611,672
|
$
0.0047
|
October 27,
2022
|
20,576,130
|
$
0.0018
|
December 12,
2022
|
13,227,512
|
$
0.0013
|
January 30,
2023
|
14,244,872
|
$
0.0016
|
February 27,
2023
|
23,148,138
|
$
0.0007
|
April 20,
2023
|
92,158,476
|
|
|
|
Number
of
Warrants
|
Weighted
Average
Exercise
Price
|
Weighted
Average
Remaining Life
|
Balance, August 31,
2016 and 2017
|
-
|
-
|
-
|
Issued
|
92,158,476
|
$
0.0021
|
4.63
years
|
Balance,
May 31, 2018
|
92,158,476
|
|
4.63
years
|
|
NINE MONTHS
ENDED
MAY
31,
|
|
|
2018
|
2017
|
|
|
|
Issued shares
beginning of year
|
724,370,720
|
22,392,729
|
Weighted average
issuances
|
245,768,877
|
584,865,202
|
Basic weighted
average common shares, end of year
|
970,139,597
|
607,257,931
|
Exhibits
|
|
|
Exhibit
Number
|
|
Exhibit
Description
|
|
Certification
of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of
the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act
of 2002
|
|
|
Certification
of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of
the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act
of 2002
|
|
|
Certification
of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
|
|
Certification
of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
|
|
|
|
|
|
SIGNATURE
|
CAPACITY IN WHICH SIGNED
|
DATE
|
|
|
|
/s/ James Robert Todhunter
|
President,
Chief
Executive Officer
|
August
10, 2018
|
James
Robert Todhunter
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Gregorio Formoso
|
Secretary,
Treasurer, Principal Accounting Officer,
Principal
Financial Officer and Director
|
August
10, 2018
|
Gregorio
Formoso
|
|
|
1 Year Aim Exploration (CE) Chart |
1 Month Aim Exploration (CE) Chart |
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